OffAssist's Blog: Minimum Standards Improving

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Friday, June 15, 2007

Minimum Standards Improving

It passed.

Just before breaking for the Memorial Day holiday both houses of Congress passed a minimum wage increase plan and sent it to the president.

On May 25, 2007 President Bush signed the law.

This is the first raise in the federal minimum wage in a decade, and will eventually result in a $2.10/hour increase for affected employees.

The current federal minimum wage is $5.15/hour. Over the next two years it will increase to:

$5.85 on July 24, 2007
$6.55 per on July 24, 2008
$7.25 per on July 24, 2009

Obviously, I am a fan of this. For more on my feelings about the federal minimum wage, check out last year's blog post "Minimum Standards".

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